L&G Contingent Convertible Ex-Bank UCITS ETF

The L&G Contingent Convertible Ex-Bank UCITS ETF is an exchange-traded fund designed to provide exposure to contingent convertible bonds, commonly referred to as "CoCos," while specifically excluding those issued by banks. Contingent convertible bonds are a type of debt security that can automatically convert into equity or be written down under specific circumstances, typically when the issuer experiences financial distress. This ETF enables investors to access a diversified portfolio of these hybrid securities, which are mainly issued by financial institutions such as insurance companies, but purposely excludes traditional banking sector issuers. The fund is structured under the UCITS framework, ensuring a high standard of regulation and investor protection within Europe. By focusing on non-bank contingent convertible bonds, the ETF serves a distinct role in the market, offering differentiated credit exposure and potential income streams within the broader fixed income and alternative investment landscape.